Senior Real Estate: Should I Relocate to Live Closer to My Family?
Wednesday Aug 30th, 2017Share
For many seniors, retirement is an open door to living life with more freedom – to travel more, engage in hobbies, enjoy a slower pace and spend time with loved ones. But, for some seniors, their family may live far away in another city or in a different part of town, which can make regular visits a challenge.
That’s why, in my role as an Accredited Senior Agent (ASA), I often find myself helping seniors not only downsize, but relocate to be closer to their adult children and grandchildren. It certainly is a popular option nowadays. But, like most things in real estate, it’s a very individual choice – one that comes with a lot of thought and consideration.
If you are a senior embarking on a late-in-life transition, here are some questions to ask yourself before deciding to a move closer to your family:
How often will you spend time with your family? If you think that time will be minimal, will moving closer still will be a worthwhile experience?
What kind of activities will you do together? Alternatively, what types of activities will you do on your own?
Will your next possible city or town cater to your wants and needs? Think about all aspects of your life – will you have access to great medical care, community services and groups, social interaction, hobbies, etc.?
What if your adult children are transferred to another city, travel a lot for work, or retire to a warmer climate for part of the year? How would this affect you?
If you lose your driver’s license, how will it affect you and everyone else? Will moving closer be beneficial to you, in this regard?
How could your move affect other family members who live in different cities? Will they be jealous, insulted or suspicious?
Can you afford to move? Have you considered the housing and living costs in your next possible city or town?
Will there be help and support with selling your current home and assistance with your move?
The answers to these questions may help you decide to move closer to family – or not. But, what’s most important, is that you take the time that you need to make the right decision for this next chapter in your life.
And, as always, if you have any questions or need real estate advice, I’m here to help. In fact, I love nothing more than working with senior clients and their families. It is a true passion of mine, which is why I earned my Accredited Senior Agent (ASA) professional designation in the first place.
To get in touch with me, please feel free to contact me directly by clicking here.